ASIC has made the ASIC Corporations (Unsolicited Offers Foreign bids) Instrument 2015/1070 to facilitate such foreign takeover bids
by providing relief from the disclosure provisions in Division 5A of Part 7.9 of the Corporations Act.
This section analyzes the complex law relevant to takeover bids
in Canada, elucidating the importance of two areas: corporate law and securities regulation.
Fearing the possibility of hostile takeover bids
, Daido Steel last year announced a plan to introduce anti-takeover measures including a request for bidders to specify their objectives and other details.
of the United States has acquired an equity stake of 18.6 percent in Sapporo Holdings, and some industry observers speculate the fund may consider a takeover bid
for the brewer after its recent unsuccessful hostile bid for Myojo Foods Co.
* French and Luxemburg government resistance against the hostile takeover bid
by Mittal Steel, the world's largest steelmaker, on behalf of its French/Luxembourg rival Arcelor;
The Federation of German Industries (BDI) is in favour of an option by which both multiple voting rights and poison pills would be permitted as valid ways to frustrate takeover bids
. "But this solution is far from satisfactory because it would make it harder and not easier to make cross-border bids for companies", said a BDI representative in Brussels.
CARDIFF CITY bosses were last night ready to "laugh away" a takeover bid
by former Wimbledon boss Sam Hammam.
Nottingham-born Mario Cardinali, who was involved in a failed takeover bid
last year, said he had pounds 13million already and aimed to raise a further pounds 9m from Forest fans.
to cooperate in fighting off hostile takeover bids
Consequently, recent high-profile international acquisitions and takeover bids
by Chinese companies can be seen only as the tip of the iceberg.
Controversial new rules aiming at establishing minimum requirements for the conduct of takeover bids
have been in the pipeline for almost 13 years.
Gavin Masterton, the bank's treasurer and managing director, said: "We will fight off any potential takeover bids
by continuing to produce quite excellent results like these."